Bitcoin analyst Jelle predicts a significant rise for the cryptocurrency BTC, which could exceed $180,000. According to Jelle, this breakout in Bitcoin may lead to higher prices due to the fear of missing out (FOMO) effect. However, he suggests that market liquidity will be weak at these levels and recommends aggressively taking profits as Bitcoin approaches this peak to avoid losses in the event of a possible correction.
Jelle's Retrospect and Technical Analysis
Comparing Bitcoin's current situation with the pattern observed last summer, Jelle notes that the cryptocurrency has been trending sideways for months with the retest of two key support levels, $25,000 last summer and $60,000 now.
According to the analyst, the daily Relative Strength Index (RSI) remains oversold during this second support level test, which could be a sign of a potential recovery. If Bitcoin continues to behave as it has in past cycles, Jelle predicts about another month or two of consolidation followed by a significant upward move.
Jelle's analysis highlights the importance of a strategic profit-taking strategy. He recommends selling some of the assets gradually to preserve profits and reduce risks. Jelle warns that cryptocurrencies like Bitcoin should not be held for long periods of time, as the rapid price increase brought on by FOMO can lead to a sharp decline as demand decreases.
Increasing Interest in Cryptocurrency ETFs
Beyond Bitcoin, Jelle notes the growing interest in Bitcoin ETFs. While Bitcoin maximalists believe there can only be one Bitcoin ETF, he notes that the market is growing rapidly in this space.
He adds that an Ethereum ETF will launch next week and VanEck has filed for a Solana ETF. This expansion demonstrates broad acceptance and increased investment in various cryptocurrencies.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
